Rapid Growth in the CIS : Panel Regression Approach

Author/Editor:

Garbis Iradian

Publication Date:

July 1, 2007

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper analytically explores and empirically tests a number of hypotheses to explain the rapid growth in transition economies. The paper finds that growth in the Commonwealth of Independent States (CIS) has been higher because of the recovery of lost output, progress in macroeconomic stabilization and market reforms, and favorable external conditions. Some of these factors are unlikely to continue for a very long time. The challenge is to improve the investment climate in the non-primary sectors, which will require broadening the scope of macroeconomic reform into a second generation of reforms encompassing structural and institutional areas.

Series:

Working Paper No. 07/170

Subject:

English

Publication Date:

July 1, 2007

ISBN/ISSN:

9781451867343/1018-5941

Stock No:

WPIEA2007170

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

42

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